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[News] Typhoo Tea may go bust!



Official Old Man

Official Old Man

Uckfield Seagull
Aug 27, 2011
9,133
Brighton
Called in the administrators.
My question surely is, how can a company making a product that everybody (well a vast majority) wants, not make a profit?
They say something about a break-in at their factory, which they cant talk about. Guess it's an ongoing legal case. But do they not have insurance for things like that?
They say the break-in caused £millions of damage.
www.bbc.co.uk

Typhoo Tea teeters on the brink of administration

The loss-making firm is attempting a turnaround amid a break-in and fire at its former factory.
www.bbc.co.uk
 




Guinness Boy

Guinness Boy

Tofu eating wokerati
Helpful Moderator
NSC Patron
Jul 23, 2003
37,396
Up and Coming Sunny Portslade
Official Old Man said:
Called in the administrators.
My question surely is, how can a company making a product that everybody (well a vast majority) wants, not make a profit?
They say something about a break-in at their factory, which they cant talk about. Guess it's an ongoing legal case. But do they not have insurance for things like that?
They say the break-in caused £millions of damage.
www.bbc.co.uk

Typhoo Tea teeters on the brink of administration

The loss-making firm is attempting a turnaround amid a break-in and fire at its former factory.
www.bbc.co.uk
Click to expand...
They will of course have commercial insurance. Whether they qualify for a payout or not will be down to the claim and loss assessors. And, obviously, beyond that, if stock and / or distribution was affected then there's an immediate bottom line hit until the payout is received.

Beyond that I do think fewer people are drinking builder's tea. A lot of younger people seem to be on the skinny latees or ginger / fruit / herbal teas. The proliferation of chain coffee shops has changed our tastes. Even Mrs GB who used to be a tea drinking MACHINE is only on black coffee and peppermint tea these days.
 






GT49er

GT49er

Well-known member
NSC Patron
Feb 1, 2009
49,215
Gloucester
Organised occupation of the factory - what was all that about? Strange that they could be so unprofitable though.
 
















Insel affe

Insel affe

HellBilly
Feb 23, 2009
24,368
Brighton factually.....
Police have released a photo of a couple of suspects they would like to talk too about the break in.


dd.jpeg
 






PILTDOWN MAN

PILTDOWN MAN

Well-known member
NSC Patron
Sep 15, 2004
19,648
Hurst Green
Tasseography would have helped
 






Herr Tubthumper

Herr Tubthumper

Well-known member
NSC Patron
Jul 11, 2003
62,783
The Fatherland
GT49er said:
Organised occupation of the factory - what was all that about?
Click to expand...
It was Marxist's, they were complaining that proper-tea is theft.

(yes, I know it was not Marx but few have heard of Proudon)
 


Herr Tubthumper

Herr Tubthumper

Well-known member
NSC Patron
Jul 11, 2003
62,783
The Fatherland
Opening the link shows the tea bags with 50% free....maybe this is the issue?
 


CheeseRolls

CheeseRolls

Well-known member
NSC Patron
Jan 27, 2009
6,235
Shoreham Beach
Official Old Man said:
Called in the administrators.
My question surely is, how can a company making a product that everybody (well a vast majority) wants, not make a profit?
They say something about a break-in at their factory, which they cant talk about. Guess it's an ongoing legal case. But do they not have insurance for things like that?
They say the break-in caused £millions of damage.
www.bbc.co.uk

Typhoo Tea teeters on the brink of administration

The loss-making firm is attempting a turnaround amid a break-in and fire at its former factory.
www.bbc.co.uk
Click to expand...
They don't mention private equity and loading the company with debt? I must be letting my imagination run wild again.
 


H

Hovegull

Well-known member
Nov 27, 2022
580
To be brew-tally honest, youngsters these days just don’t drink the stuff - coffee is very trendy and also other cold drinks, but I don’t know any young tea drinkers
 




Anger

Anger

Well-known member
Jul 21, 2017
552
Oo!
 




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